In spite of the Gateway announcement, there seems to be some firming in demand for PCs and flash memory. Pricing is starting to improve. And for IT services, capacity utilization is finally starting to improve.
More Quotes from Adam Adelman:
There could be a bit of the January effect. Some end-of-the-year profit taking is creating buying opportunities.Adam Adelman
We're already starting to see valuations get stretched again. It's not unlikely that we can get back close to 1,700 on the Nasdaq, but I don't think that's necessarily justifiable. That's just a function of trading psychology in the short run.
Adam Adelman
Optimism in the numbers will be a roadblock for further gains. The upside in tech is limited.
Adam Adelman
Right now techs are trading a lot on short-term sentiment and momentum and it seems like valuations are getting a little bit stretched. We're probably approaching a short-term top.
Adam Adelman
People might be delaying some purchasing decisions and in the short-term, that's considered a negative.
Adam Adelman
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